From defence company GRSE to GAIL, these PSU stocks in focus today

GRSE Share Price: On the NSE, the stock climbed Rs 260.20 to start the session at Rs 2,175 against the previous close of Rs 1,914.80.

Mumbai:

GRSE Share Price: Shares of defence PSU Garden Reach Shipbuilders and Engineers (GRSE) are in action today after the company reported a growth of 48 per cent in its net profit in the financial year 2024-25. The shares of GRSE opened gap up with a gain of 14 per cent at Rs 2,184 on the BSE against the previous close of Rs 1,915. The scrip continued the upward trend and hit the intraday high of Rs 2,259.85 – a gain of 18 per cent from the last trading price. Last seen, it was trading at Rs 2,240.20. The surge also comes as the shipbuilding sector has gained by 12.4 per cent today. 

On the NSE, the stock climbed Rs 260.20 to start the session at Rs 2,175 against the previous close of Rs 1,914.80. 

Other Defence PSU Stocks In Focus

Cochin Shipyard Share Price: The stock opened with a gain of 3.53 per cent against the previous close of Rs 1,577.20 and climbed to hit an intraday high of Rs 1,797.10 – a high of 13.94 per cent. 

Mazagon Dock Shipbuilders: The navratna PSU stock opened with a gain of 3.59 per cent at Rs 3,109.95 on the BSE against the previous close of Rs 3,002.30. The counter hit an intraday high of Rs 3,229 – a gain of 7.55 per cent from the previous close.

Other PSU Stocks In Focus

GAIL: Shares of state gas utility GAIL (India) Ltd also gained on Wednesday. It started the session at Rs 184.65 against the previous close of Rs 183.95 on the BSE. It hit an intraday high of Rs 187.80. The surge comes even as the company reported a 6 per cent drop in its net profit in the financial year 2024-25. 

Punjab National Bank: PNB has entered into an agreement to sell its entire stake in India SME Asset Reconstruction Company Ltd (ISARC) for Rs 34.04 crore. Following this, the counter started the session in green at Rs 98.55 against the previous close of Rs 97.65. 

(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)

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